Energy Select Sector SPDR (ETF) on Focus After Bearish Options Activity

 Energy Select Sector SPDR (ETF) on Focus After Bearish Options Activity

In today’s session Energy Select Sector SPDR (ETF) (XLE) recorded an unusually high (3,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious XLE decrease. With 3,000 contracts traded and 264984 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: XLE170120P00060000 closed last at: $0.2 or 0% . Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has risen 9.70% since April 25, 2016 and is uptrending. It has outperformed by 3.69% the S&P500.

Energy Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The ETF has a market cap of $16.28 billion. The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. It currently has negative earnings.

XLE Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Energy Select Sector of the S&P 500 Index (the Index). The Index includes companies that primarily develop and produce natural gas and crude oil, and provide drilling and other energy-related services.

More notable recent Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) news were published by: Benzinga.com which released: “Andrew Keene’s Bearish XLE ETF Trade” on November 22, 2016, also Nasdaq.com with their article: “ETF Preview: ETFs, Futures Lower on Doubts Over OPEC Production Cut Deal” published on November 28, 2016, Forbes.com published: “Wednesday Sector Leaders: Energy, Industrial” on November 23, 2016. More interesting news about Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) were released by: Seekingalpha.com and their article: “Clean energy in the Trump era” published on November 23, 2016 as well as Forbes.com‘s news article titled: “Monday Sector Leaders: Energy, Utilities” with publication date: November 21, 2016.

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